Just last year, American imports from China were 440 billion.
Last year, American exports to China were 122 billion.
We are running a massive trade deficit with China. China is now the second-largest economy in the entire world.
China is still growing, quickly.
What am I going to do about my “trade deficit” with the grocery store?
I buy far more stuff from them than they do from me!
All that you say is true.
We buy from China because we can get things cheaper. It's all about money; always has been; always will be, for us.
The Swiss support their own industries. They WILL pay more for, say, a kilo of meat instead of driving a TAD farther and getting it cheaper.
We DON'T support our own industries because the almighty dollar has us at its feet. All hail to the almighty dollar. (sarcasm)